Mortgage Refinancing Will Be More Expensive as Fannie Mae and Freddie Mac Raise Fees

CNBC, Aug. 13, 2020–Diana Olick
The move was met with strong criticism from the mortgage industry, seen as a slap in the face of the one sector of the economy that has been thriving during the pandemic. “This announcement is bad for our nation’s homeowners and the nascent economic recovery,” wrote Bob Broeksmit, CEO of the Mortgage Bankers Association.